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Vortex Heat Meters Market Size - By Technology (Mechanical, Static), By Application (Residential, Commercial, Industrial), & Forecast, 2024 – 2032

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Vortex Heat Meters Market Size

The global vortex heat meters market size was valued at more than USD 630.4 million in 2023 and is anticipated to grow at a CAGR of over 6.5% through 2032. Vortex heat meters are devices that measure the amount of heat energy present in a fluid like steam or water by applying the principle of vortex shedding. These types of heat meters employ a sensor which helps in detecting the vortices caused by the flow of the fluid. Increasing need for complex flow measuring tools and growing need for the same in industries like power generation, food & beverages and even chemicals will boost the industry scenario.
 

Vortex Heat Meters Market

Increase in the district heating systems across economies along with the integration of the meters with smart metering systems will boost the market growth. Ongoing advancements in sensor technology, including improvements in vortex sensor design and materials in line with increasing regulatory requirements related to energy efficiency and accurate billing will augment the market dynamics.

Vortex Heat Meters Market Trends

Businesses and utilities searching for more accurate ways of determining and controlling energy usage in conjunction with the subsidies, and rules regarding the use of heat meters will help the market growth. For instance, the EU directives are aimed at enhancing the energy effectiveness of heat networks. It also seeks to enforce the use of individual meters by consumers to measure their energy consumption and encourages the provision of competitive prices for electricity. Thereby, key features such as accuracy and efficiency of measuring thermal energy consumption will further complement the business growth.
 

Vortex Heat Meters Market Analysis

Vortex Heat Meters Market Size, By Technology, 2021 - 2032 (USD Million)

The mechanical vortex heat meters industry will grow at a rate of over CAGR 10.5% through 2032, due to its simple construction and low maintenance in line with the increasing demand for cost including effective metering solutions. The improvement of calibration methods and sensor technologies is also setting the industry up for more accurate devices. Furthermore, excellent compatibility of mechanical vortex heat meters with the traditional metering and the increasing attempts of industry players to reduce the costs of manufacturing will sway the business statistics.
 

Vortex Heat Meters Market Revenue Share, By Application, 2023

Based on application, the residential vortex heat meters market size cross USD 302.9 million by 2032. Evolving consumer preferences for more visually appealing and spacious metering solutions, increasing market for sustainable home building and operation, and added sensors for better diagnostics and performance monitoring will impact the business outlook. Additionally, the movement towards smart metering and IoT capability which allows real time data collection, distant observation, and connection with other larger industrial or building control mechanisms will drive the market growth.
 

Europe Vortex Heat Meters Market Size, 2021 - 2032 (USD Million)

Europe vortex heat meters market will grow at a CAGR of more than 6.5% through 2032. Increasing focus on energy management and cost optimization along with upsurge in adoption of technologies that support eco-friendly practices will enhance the business scenario. Investments in renewable energy projects coupled with rising construction of green and energy-efficient buildings across the region will propel to industry demand. For instance, in September 2023, World Green Building Council announced that EU has targeted to upgrade 35 million homes by the end of the decade and make it mandatory for all new buildings to be Zero Emissions by 2028.
 

Vortex Heat Meters Market Share

Different companies in the industry are aiming to stand out of the competition focusing on better service delivery, consulting, and service after sales. Benefits from shared resources, less redundance in operations and development, manufacturing, and distribution of vortex heat meters may lead to cost effectiveness. Furthermore, mergers and acquisitions also enable companies to improve on their product catalog by accommodating a wider range of products.
 

Vortex Heat Meters Market Companies

Eminent players operating in the vortex heat meters industry include:

  • Siemens
  • Schneider Electric
  • Badger Meter Inc.
  • Honeywell International Inc.
  • Endress+Hauser Group
  • ABB
  • Yokogawa Electric Corporation
  • KROHNE Group
  • Emerson Electric Co.
  • Spirax Sarco Ltd.
  • Sino-Inst
  • Apure
  • KOBOLD Instruments, Inc.
  • TLV CO., LTD.
     

Vortex Heat Meters Industry News

  • In September 2022, Axioma Metering invested USD 42.66 million in the construction of a new facility in Kaunas Free Economic Zone (FEZ). The plant will be operational in 2024 with four new production lines, enabling the production of over 4 million smart meters annually. The company aims to stabilize supply chain and interrupted orders of smart heat & water meters in the market. The company’s strategic investment strengthened its product portfolio across the industry.
     
  • In September 2021, Axioma Metering launched composite flow parts of the heat & water meter bodies. The robust heat & water meter flow body parts offered advantages including high durability, low weight, and low costs. The launch of this cost-efficient material contributed to the goal of sustainable environment and set a new standard across the metering industry.
     

This vortex heat meters market research report includes in-depth coverage of the industry with estimates & forecast in terms of ‘‘000 Units & USD Million’ from 2024 to 2032 for the following segments:

Market, By Technology

  • Mechanical
  • Static

Market, By Application

  • Residential
  • Commercial
    • College/university
    • Office buildings
    • Government buildings
    • Others
  • Industrial

The above information has been provided for the following regions and countries:

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • Poland
    • Sweden
    • Denmark
    • Finland
    • Russia
    • Italy
    • UK
    • Norway
    • Czech Republic
    • Estonia
    • Latvia
    • Lithuania
    • Switzerland
    • Austria
    • Spain
  • Asia Pacific
    • China
    • Japan
    • South Korea
  • Rest of World

 

Authors: Ankit Gupta, Srishti Agarwal
Frequently Asked Question(FAQ) :
What is the size of Europe vortex heat meters market?
Europe vortex heat meters industry will showcase more than 6.5% growth rate till 2032, favored by the increasing focus on energy management and cost optimization, along with upsurge in adoption of technologies that support eco-friendly practices.
Why are mechanical vortex heat meters witnessing high demand?
How big is vortex heat meters market?
Which are the renowned companies involved in the vortex heat meters market?
Vortex Heat Meters Market Scope
  • Vortex Heat Meters Market Size
  • Vortex Heat Meters Market Trends
  • Vortex Heat Meters Market Analysis
  • Vortex Heat Meters Market Share
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    Premium Report Details

    Base Year: 2023

    Companies covered: 15

    Tables & Figures: 316

    Countries covered: 21

    Pages: 100

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